---
title: "Asset Valuation"
ocid: "ocds-b5fd17-73a1f223-c822-4a81-b134-ac03e87034a2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-73a1f223-c822-4a81-b134-ac03e87034a2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-73a1f223-c822-4a81-b134-ac03e87034a2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-73a1f223-c822-4a81-b134-ac03e87034a2.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "CAPITALESOURCING"
published: "2024-02-21"
---

# Asset Valuation

Buyer: CAPITALESOURCING  
Current stage: Award  
OCID: ocds-b5fd17-73a1f223-c822-4a81-b134-ac03e87034a2

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## Summary

The buying organisation, capitalEsourcing, based in London, United Kingdom, has completed a public procurement process for the provision of Asset Valuation services within the Financial auditing industry category. The procurement method used was "selective", calling off from a framework agreement. The contract period is from 21st February 2024 to 3rd December 2026, with a total value of £351,250. The tender period ended on 15th September 2023.

This tender for Asset Valuation services presents an opportunity for small and medium-sized enterprises (SMEs) in the financial auditing sector to participate. Businesses with expertise in complying with RICS Valuation Standards and IFRS 13 requirements would be well-suited to compete. The procurement process was at the award stage as of 21st February 2024, with Sanderson Weatherall LLP being the successful supplier awarded the contract.

## Notice

1.1 All valuations and reports are to be prepared in accordance with the RICS Valuation - Professional Standards (Red Book) and the version of the CIPFA Code of Practice on Local Authority Accounting in the United Kingdom relevant to the financial year in question. 1.2 The operational portfolio of the Council is to be valued at Current Value. For operational assets where there is an active market this shall be the existing use value, as defined by RICS. If there is no market-based evidence of current value because of the specialist nature of the asset and/or the asset is rarely sold, valuation shall be using depreciated residual cost. 1.3 The investment property portfolio of the Council is to be valued at Fair Value, to comply with IFRS 13 requirements to consider highest and best use in the determination of fair value. 1.4 HRA Council Dwellings are to be valued at Current Value based on Existing Use Value - Social Housing as defined by DLUHC (previously DCLG) guidance. The valuations will be prepared in compliance with the DLUHC (previously DCLG) guide "Stock Valuation for Resource Accounting - 2016". If there are any revisions to the guidance throughout the life of the contract, the service provider will be required to comply with any such revisions as directed by the Authorised Officer.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7499bf00-d808-4d8a-bb33-547bbba6ead9 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Feb 2024 |
| Submission deadline | 15 Sep 2023 |
| Future notice date | Not specified |
| Award date | 21 Feb 2024 |
| Contract period | 21 Feb 2024 - 3 Dec 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £351,250 |
| Lots value | Not specified |
| Awards value | £351,250 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | CAPITALESOURCING |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1E 6QP |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SANDERSON WEATHERALL |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79212100 - Financial auditing services

## Release History

- 21 Feb 2024 at 14:22 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7499bf00-d808-4d8a-bb33-547bbba6ead9

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7499bf00-d808-4d8a-bb33-547bbba6ead9
  21st February 2024 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-73a1f223-c822-4a81-b134-ac03e87034a2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-73a1f223-c822-4a81-b134-ac03e87034a2.json.